Ann: Mt Cattlin update,GXY-GMM.AX, page-64

Hi thanks for helping out,

Just wanted to clarify something - please correct me if I'm mistaken, as I have zero mining background prior to jumping on the lithium bandwagon. But the plant feed has been upgraded to 1.6mtpa which when operating in the range of 50 - 75% recovery rate produces in the range of 160 - 240ktpa of concentrates.

There is no upgrade to 2.4mtpa input, but a potential for output at 240ktpa if at peak 75% recovery. The upgrade was from 800ktpa to 1.6mtpa.

I was a bit unsure about the timing of achieving peak recovery, but I did think it meant BY mid 2017, not starting in mid 2017.

Which means can likely expect gradual bumps potentially as its better optimised, so my guess is somewhere between 160kt and 200kt of production FY17, call it 185kt and the full 240kt in FY18 onwards if 75% peak is made the average.


Thanks again.